Truist lowered the firm’s price target on Church & Dwight to $100 from $115 and keeps a Buy rating on the shares. The firm cites the company’s below-consensus guidance, adding that it is disappointed by the results and concerned by the dramatic shift in outlook this early in the year, the analyst tells investors in a research note. The announcement of the planned divestiture of Flawless, Waterpick shower heads, and Spinbrush underscores that while the company is good at M&A, it isn’t perfect, the firm added.
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